If mold is a problem in your home, you should clean up the mold promptly and fix the water problem. It is important to dry water-damaged areas and items within 24-48 hours to prevent mold growth.
If you’re thinking of refinishing your project, take a close look at it first. Antiques (or potential antiques) deserve special consideration. Always try to restore the old finish rather than stripping down to bare wood. Stripping an antique can destroy the soft mellowed look wood gets with age (patina) as well as depreciate considerably its value.